Maintenance Cost and Estimated Replacement Value IDCON

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Maintenance Cost and Estimated Replacement Value - IDCON ...

Today you are told your Maintenance Cost (MC) as a percent of your Estimated Replacement Value (ERV) is 4.9%. According to Consulting, Inc. and your corporate management 4.9% is way too high. Good performers are under 3%, some operations are even under 2%. So, the question is what are you going to do about it Mr. Maintenance Manager?

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Technique: Benchmarking - IDCON Industrial Maintenance

When it comes to benchmarking, A popular measurement is maintenance cost (MC) as a percent of Estimated Replacement Value (ERV). When it comes to benchmarking, A popular measurement is maintenance cost (MC) as a percent of Estimated Replacement Value (ERV). ... At IDCON, we understand the pressure you face trying to build a reliable plant.

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Cost and estimated replacement value - Reliable Plant

Tor Idhammar President CEO, IDCON, INC., IDCON INC Yesterday, you were a happy camper. Today, you are told that your maintenance cost (MC) as a percent of your estimated replacement value (ERV) is 4.9 percent. According to Consulting Inc. and your corporate management, 4.9 percent is way too high.

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How to Reduce Maintenance Costs the Right Way Reliable Plant

Is Maintenance Cost / Estimated Replacement Value (ERV) the Right Benchmark to Use? A popular benchmark is the Maintenance cost / Estimated Replacement Value (MC/ ERV). Many consultants have promoted this as a great number to compare between plants. Some have even claimed that 2% is considered to be “best practice” or “world-class.”

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Reliability and Maintenance Consulting Training IDCON ...

Over the last 25 years, IDCON has made an impact on the industry through a constant message of excellence in reliability, maintenance practices and principles. The influence of Christer Idhammar and IDCON have had on the leadership at Buckeye continues to reinforce a constancy of purpose staying the course with common sense maintenance principles.

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Free Reliability and Maintenance Resources IDCON

At IDCON, we understand the pressure you face trying to build a reliable plant. We provide side-by-side, reliability and maintenance consulting and training designed to keep your equipment running. For over 45 years, we’ve partnered with hundreds of manufacturing plants around the world to eliminate the costs and the pressure caused by ...

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IDCON Maintenance Terms Maintenance Definition

Estimated job duration by skills and the number of people needed for the job. Required permits available. The cost of each job is estimated. Define physical and environmental constraints. Planning: The process of determining the resources, methods, and processes needed to perform maintenance

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Maintenance Cost and Estimated Replacement Value - Paper ...

Mar 05, 2021  Yesterday you were a happy camper. Today you are told your Maintenance Cost (MC) as a percent of your Estimated Replacement Value (ERV) is 4.9%. According to Consulting, Inc. and your corporate management 4.9% is way too high. Good performers are

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Maintenance Cost as a % of Replacement of Asset Value ...

Mar 23, 2015  C. FORMULA. Total Maintenance Cost per RAV (%) = [Total Maintenance Cost ($) × 100] ÷ Replacement Asset Value ($) D. COMPONENT DEFINITIONS. Total Maintenance Cost- Total expenditures for ...

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Maintenance Management Archive - Maintenance ...

Maintenance Cost and Estimated Replacement Value by Torbjorn Idhammar. Maintenance Cost and Reliability – Video by Torbjorn Idhammar. Maintenance Is Really Not the Problem by Keith Mobley. Maintenance Key Performance Indicators (KPI’s) from IDCON INC. Maintenance Management as a Quality Process by Jeffrey Lewis.

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Plant Engineering Basic guide to maintenance benchmarking

Jan 01, 1999  Maintenance cost/ERV. Ratio of total annual cost of maintenance to plant’s estimated replacement value. A measure of dollars required to maintain value of the plant. Also a general indicator of maintenance cost effectiveness. A downward trend without real maintenance improvements can indicate milking of assets.

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Right-Size Your Maintenance Organization - Efficient Plant

May 16, 2016  It’s often said that maintenance costs should be less than 2% of estimated replacement value and the cost of employees a percentage of that figure (often 30% to 60% depending on where in the world the facility is located). This approach, though, can have some drawbacks, given the difficulty in assessing the replacement value of older plants.

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The Role of CMMS - Plant Maintenance

• Maintenance cost as a percentage of equipment replacement cost • Cost by equipment class ... o Estimated hours o Resource assignments o Parts list o Safety procedures ... functionality (i.e. labor, value list, cos t/GL codes, assets, bins, inventory, etc).

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How To Estimate The Replacement Cost Of Your Home ...

Feb 05, 2020  For example, suppose your home has a replacement cost of $200,000. In this scenario, your insured-to-value threshold would be 80% of $200,000, or $160,000. If you pick dwelling limits of $160,000 or above, you'll be fully covered for any claim you make to your insurer below that number.

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Replacement Cost vs. Market Value - State Farm®

When you insure a typical home for its market value, you are at risk of having incomplete coverage. For example, imagine that a family buys a home for $175,000 and takes out a homeowner's policy for the same amount. The estimated replacement cost for the home, though, is $225,000. If a fire or other insured event destroys the house, the ...

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AAA Estimate Car Repair Costs

AAA Approved Auto Repair includes a powerful repair shop locator tool offering detailed information about the more than 7,000 facilities in the AAA Approved Auto Repair network. Search and find a nearby facility. Use the repair estimate tool to know more about repair costs. Read articles from AAA automotive and car care experts.

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10 of the most expensive home repairs The Zebra

Apr 19, 2021  6. Repair or install new pipes. Plumbing issues are another potentially enormous expense, as they’re generally located in spots that are hard to get to (underground and inside walls). Cost: Repair for a sewer line averages $2,443, for a drain pipe it’s $559, and installing new pipes averages $1,054. Signs of a problem:

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Closing the Gap between Technology and Results

• Focusing not only on costs but more on what cost effectively drives costs. • Improved Manufacturing Reliability* improves safety, shortens and increases manufacturing throughput and lower costs. * %Quality x % Availability x % Speed 2. Documented, Communicated and implemented Manufacturing Mission between Maintenance and Operations. E.g.

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Home Improvement Repair Cost Estimator // HomeGuide

Lawn Care Prices. $25 - $50. Average Cost of Landscaping Maintenance. $150 /month. Lawn Mower Repair Cost. $40 - $90. Sod Installation Cost. $1.50/sqft. Tree Trimming Cost.

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Improving Right-sizing a Maintenance Organization ...

May 19, 2016  Some believe that maintenance size should be based on estimated replacement value. It is commonly said that maintenance costs should be less than 2 percent of estimated replacement value and the cost of employees is then a percentage of that cost, often 30 to 60 percent depending on where in the world the facility is located.

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Breakdown Maintenance What is Breakdown Maintenance?

Breakdown maintenance may happen in an extremely short period of time, particularly if the system in question is essential. Both types of maintenance typically happen to equipment that is still in its place or on the line. Also, both types of maintenance may be classified as emergency maintenance

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Results Oriented Reliability and Maintenance, Results ...

$124,000.00 : Price of Component. $189,755.00 : Repair and Return vs. Exchange cost. Additional repair cost: $0.00 . Additional repair cost: $32,555.70 . Additional ...

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Current Issue - Reliable Plant

Cost and estimated replacement value. Tor Idhammar, IDCON INC. Yesterday, you were a happy camper. Today, you are told that your maintenance cost (MC) as a percent of your estimated replacement value (ERV) is 4.9 percent. According to Consulting Inc. and your...

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Comparing Maintenance Costs - Efficient Plant

Sep 01, 2000  Maintenance cost/estimated replacement value is a standard barometer of maintenance performance. For all its limitations, it is a useful and widely accepted measure. Limitations of the cost/ERV metric Aside from the difficulties of determining the original cost and selecting an appropriate index protocol, there are other problems and stigmas ...

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Optimization of Preventive Maintenance and Operator ...

Reliability and Maintenance Consulting and Training WWW.IDCON.COM Optimization of Preventive Maintenance and Operator Essential ... You need to estimate if the failure IS Random or NOT. All failures are somewhat random and 5 – 11% ... Most cost effective maintenance method. 3. Implement the most cost effective method

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Maintenance Debt Dictates Your Maintenance Cost - Asset ...

If we assume that 30% of Chaotic’s maintenance debt ($1.5 M) is material, and one maintenance hour costs about 60 dollars, the total cost to get to Efficient’s reliability will be 58,333 maintenance hours + $1.5 million in materials. Breaking it down further: 31 full-time employees working a full year (58,333 hours and 1,880hrs/worker/year ...

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Maintenance World - An article source for reliability and ...

by Torbjörn Idhammar, IDCON INC. Yesterday you were a happy camper. Today you are told your Maintenance Cost (MC) as a percent of your Estimated Replacement Value (ERV) is 4.9%. According to Consulting, Inc. and your corporate management 4.9% is way too high. Good performers are under 3%, some operations are even under 2%.

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Closing the Gap between Technology and Results

• Focusing not only on costs but more on what cost effectively drives costs. • Improved Manufacturing Reliability* improves safety, shortens and increases manufacturing throughput and lower costs. * %Quality x % Availability x % Speed 2. Documented, Communicated and implemented Manufacturing Mission between Maintenance and Operations. E.g.

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Comparing Maintenance Strategies Based on Cost and ...

Using the RCM++ software, the team can first estimate the optimum preventive replacement time for the component and then simulate the operation of the equipment for 120,000 miles to estimate the cost and average availability that can be expected in a year from the two maintenance

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Rule of Thumb: How Much to Budget for Home Maintenance

May 09, 2021  The 1% rule of thumb is a guideline that states you should save 1% of your home’s purchase price for ongoing repair costs. The square-footage rule is another option for estimating how much you should save for home repairs.; The age and condition of your home are factors you should consider when determining your maintenance budget.

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Oil Change Prices Cost Estimates Kelley Blue Book

Created with sketchtool. KBB Rating. 4.7. (936) 121 mile (s) away 7301 Evergreen Way, Everett, WA 98203. See dealership amenities. (425) 446-3583 Check Availability.

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Auto Repair Pricing Cost Estimates Kelley Blue Book

Not to worry. Building on our 90 years of pricing experience, Kelley Blue Book has the Fair Repair Range to show you what car repairs should cost. You can even get an auto repair quote from a ...

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A Practical Way To Estimate And Budget For Home ...

The second house is only worth $150,000, which is made up of $50,000 land and a $100,000 building value. The percentage estimation method will tell us that the well maintained house should have an annual maintenance budget of $4,000 (2% of $200,000), but the run-down house only needs $3,000 per year (2% of $150,000).

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Current Issue - Reliable Plant

Cost and estimated replacement value. Tor Idhammar President CEO, IDCON, INC., IDCON INC. Yesterday, you were a happy camper. Today, you are told that your maintenance cost (MC) as a percent of your estimated replacement value (ERV) is 4.9 percent. According to

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Common Home Repair Costs HomeServe

Jun 14, 2021  Repair costs depend on the appliance that has been damaged. For instance, the price to repair a refrigerator differs from what it costs to repair a dishwasher or trash compactor. Here are some of the most common home systems and appliances and the estimated cost to repair: Garage door: $75 to $450; Dishwasher: $400 to $800; Gas stovetop: $650 ...

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